Filed July 6, 2020
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,379 | $91,552-36.2% | $133,956-56.4% | $79,858-26.9% |
| Participation rate | 96.2% | 73.3%+22.9pp | 79.8%+16.4pp | 69.6%+26.6pp |
| Annual return | 16.35% | 61.85%-45.5pp | 45.09%-28.7pp | 31.71%-15.4pp |
| Employer contribution / active EE | $1,311 | $2,384-45.0% | $3,919-66.6% | $2,471-47.0% |
| Participant deferral / active EE | $2,931 | $3,733-21.5% | $5,048-41.9% | $3,740-21.6% |
| Admin fee / account holder | $4,674 | $6,321-26.1% | $8,927-47.6% | $5,306-11.9% |